TORONTO, May 31, 2017 (GLOBE NEWSWIRE) -- McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen Mining” or, the “Company”) is pleased to announce the results of the annual meeting of shareholders held on May 25, 2017. The McEwen Mining share owners:
- Elected as directors: Robert McEwen, Allen Ambrose, Michele Ashby, Leanne Baker, Richard Brissenden, Robin Dunbar, Gregory Fauquier, Donald Quick, Michael Stein;
- Approved the issuance to Robert McEwen of 405,740 shares of our common stock upon conversion of subscription receipts issued as part of the acquisition of Lexam VG Gold Inc.; and
- Ratified the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm for the year ending December 31, 2017.
Detailed voting results are as follows:
For the election of directors:
| For | Withheld | Percentage For | Percentage Withheld | |||||||
| Robert R. McEwen | 143,599,765 | 481,804 | 99.67 | % | 0.33 | % | ||||
| Allen V. Ambrose | 143,326,005 | 755,564 | 98.48 | % | 0.52 | % | ||||
| Michele L. Ashby | 143,365,081 | 716,488 | 99.50 | % | 0.50 | % | ||||
| Leanne M. Baker | 143,338,036 | 743,533 | 99.48 | % | 0.52 | % | ||||
| Richard W. Brissenden | 143,274,646 | 806,923 | 99.44 | % | 0.56 | % | ||||
| Robin Dunbar | 143,362,609 | 718,960 | 99.50 | % | 0.50 | % | ||||
| Gregory P. Fauquier | 143,307,667 | 773,902 | 99.46 | % | 0.54 | % | ||||
| Donald R.M. Quick | 143,260,914 | 820,655 | 99.43 | % | 0.57 | % | ||||
| Michael L. Stein | 143,309,756 | 771,813 | 99.46 | % | 0.54 | % | ||||
For the approval of the issuance of 405,740 shares to Robert McEwen:
| For | Against | Withheld | Percentage For |
Percentage Against |
Percentage Withheld |
||||||||||
| All shares voted | 142,008,272 | 1,441,830 | 631,467 | 98.56 | % | 1.00 | % | 0.44 | % | ||||||
| Shares excluding 75,791,721 held by Insiders |
66,216,551 | 1,441,830 | 631,467 | 96.96 | % | 2.11 | % | 0.92 | % | ||||||
For the appointment of Ernst & Young LLP as the Company's independent registered public accounting firm:
| For | Against | Withheld | Percentage For |
Percentage Against |
Percentage Withheld |
||||||||
| 210,232,910 | 476,940 | 982,658 | 99.31 | % | 0.23 | % | 0.46 | % | |||||
About McEwen Mining (www.mcewenmining.com)
McEwen Mining has the goal to qualify for inclusion in the S&P 500 Index by creating a high growth gold and silver producer focused in the Americas. McEwen Mining's principal assets consist of the San José mine in Santa Cruz, Argentina (49% interest), the El Gallo Gold mine and El Gallo Silver project in Sinaloa, Mexico, the Gold Bar project in Nevada, USA, the Timmins projects in Ontario, Canada and the Los Azules copper project in San Juan, Argentina.
McEwen Mining has a total of 312 million shares outstanding. Rob McEwen, Chairman and Chief Owner, owns 25% of the Company.
